Russian trade in goods with Spain in Q4 2017

by Russian Foreign Trade
based on data from the Federal Customs Service of Russia

The Report on Russia’s foreign trade in goods with Spain in the fourth quarter of 2017: exports, imports, products, dynamics.

Russia’s Trade with Spain

In the 4th quarter of 2017, Russia’s trade with Spain totaled $1,481,192,246, up 33.27% ($369,776,345) from the 4th quarter of 2016.

Russia’s exports to Spain in the 4th quarter of 2017 totaled $603,219,824, up 38.22% ($166,794,924) from the 4th quarter of 2016.

Russia’s imports from Spain in the 4th quarter of 2017 totaled $877,972,422, up 30.07% ($202,981,421) from the 4th quarter of 2016.

Russia’s trade deficit with Spain in the 4th quarter of 2017 was $274,752,598, a 15.17% increase ($36,186,497) over the 4th quarter of 2016.

Spain was Russia’s 24th largest trading partner in the 4th quarter of 2017 (up from 29th in the 4th quarter of 2016), accounting for 0.8862% of Russia’s total trade (up from 0.8156% in the 4th quarter of 2016).

Spain was Russia’s 37th largest export market in the 4th quarter of 2017 (up from 39th in the 4th quarter of 2016), accounting for 0.5864% of Russia’s total exports (up from 0.5206% in the 4th quarter of 2016).

Spain was Russia’s 19th largest supplier in the 4th quarter of 2017 (just as in the 4th quarter of 2016), accounting for 1.3659% of Russia’s total imports (up from 1.2874% in the 4th quarter of 2016).

Russia’s Exports to Spain

The major share of Russian exports to Spain in the 4th quarter of 2017 (and in the 4th quarter of 2016) was accounted for the following product types:

Mineral products (HS codes 25-27) - 62.46% of Russia’s total exports to Spain (65.49% in the 4th quarter of 2016);

Metals and products from them (HS codes 72-83) - 12.40% of Russia’s total exports to Spain (16.49% in the 4th quarter of 2016);

Chemical products (HS codes 28-40) - 8.22% of Russia’s total exports to Spain (7.40% in the 4th quarter of 2016);

Electrical machinery and equipment and parts thereof; sound recorders and reproducers, television image and sound recorders and reproducers, and parts and accessories of such articles (HS code 85) - an increase of $1,965,038.

The largest declines in Russia’s exports to Spain in the 4th quarter of 2017 over the 4th quarter of 2016 were recorded for the following product groups: